Hong Kong SAR, China - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCherry Price in Hong Kong SAR - 2023
Contents:
- Cherry Price in Hong Kong SAR (CIF) - 2023
- Cherry Price in Hong Kong SAR (FOB) - 2023
- Cherry Imports in Hong Kong SAR
- Cherry Exports in Hong Kong SAR
Cherry Price in Hong Kong SAR (CIF) - 2023
In October 2023, the average cherry import price amounted to $19,164 per ton, growing by 264% against the previous month. In general, the import price saw a pronounced increase. The pace of growth appeared the most rapid in April 2023 an increase of 659% m-o-m. As a result, import price attained the peak level of $48,425 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Chile ($31,402 per ton), while the price for France ($7,739 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Chile (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Cherry Price in Hong Kong SAR (FOB) - 2023
The average cherry export price stood at $9,323 per ton in October 2023, growing by 112% against the previous month. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 177% against the previous month. As a result, the export price reached the peak level of $11,033 per ton. From December 2022 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was China ($9,835 per ton), while the average price for exports to Macao SAR stood at $2,885 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.0%).
Cherry Imports in Hong Kong SAR
In 2022, imports of cherries into Hong Kong SAR shrank markedly to 224K tons, dropping by -20.8% against the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. As a result, imports reached the peak of 283K tons, and then shrank rapidly in the following year.
In value terms, cherry imports dropped markedly to $1.3B in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. As a result, imports attained the peak of $1.6B, and then dropped sharply in the following year.
| Import of Cherry in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 903 | 800 | 1,517 | 1,279 | 12.3% |
| United States | 48.3 | 27.6 | 25.7 | 15.9 | -31.0% |
| Others | 38.3 | 35.1 | 44.7 | 43.0 | 3.9% |
| Total | 990 | 862 | 1,588 | 1,338 | 10.6% |
Top Suppliers of Cherry to Hong Kong SAR in 2022:
- Chile (216.7K tons)
- United States (2.0K tons)
Cherry Exports in Hong Kong SAR
In 2022, exports of cherries from Hong Kong SAR dropped slightly to 237K tons, remaining constant against 2021 figures. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44%. As a result, the exports attained the peak of 238K tons, leveling off in the following year.
In value terms, cherry exports skyrocketed to $1.3B in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Cherry in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 764 | 848 | 1,073 | 1,286 | 19.0% |
| Others | 1.2 | 1.4 | 1.5 | 1.8 | 14.5% |
| Total | 765 | 849 | 1,074 | 1,288 | 19.0% |
Top Export Markets for Cherry from Hong Kong SAR in 2022:
- China (236.9K tons)
This report provides an in-depth analysis of the cherry market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 531 - Cherries
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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